Lesson Plan
Curated OER

Chapter 21: Consumer Behavior and Utility Maximization

For Teachers 10th - 12th
Who knows why consumers act the way they do? After viewing this presentation, your class will - and they will also know how to optimize consumer behavior. Prepare your young captains of industry for their place in the world of business...
PPT
Curated OER

Chapter 3: Individual Markets, Demand & Supply

For Teachers 10th - 12th
Supply and demand, one of the most fundamental topics in economics, is the focus of this presentation. Cascading through detailed graphs and defining the law of demand, as well as the demand and supply schedules, this slideshow is sure...
Lesson Plan
Curated OER

The Rising Cost of Health Care: Is there an explanation?

For Teachers 12th
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
Lesson Plan
Curated OER

Spraying Strawberries

For Teachers 9th - 12th
Young scholars examine the concept of dimishing marginal productivity. They role play the role of a farmer who has to decide how many times to spray his strawberry crop. They complete a chart and discuss the results.
Worksheet
Curated OER

Demand and Supply Worksheet

For Students 11th - 12th
In this economics worksheet, students use their problem solving skills to respond to 28 questions regarding demand and supply.
Lesson Plan
Curated OER

Spraying Strawberries

For Teachers 10th - 12th
Students decide how many times to spray a strawberry crop. They apply marginal analysis and discover the "law of diminishing returns."
Lesson Plan
Curated OER

Marketing Occupations

For Teachers 11th - 12th
Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...
Lesson Plan
Curated OER

The Great Depression

For Teachers 9th - 12th
Students use Using specific examples, compare and contrast how President Hoover and President Roosevelt responded to the Great Depression through relief, recovery and reform. They evaluate whether their attempts were successful.
Handout
Wikimedia

Wikipedia: Marginal Utility

For Students 11th - 12th
This website discusses the concepts of marginal utility and value, with references made to such economic philosophers as Adam Smith, Karl Marx, and David Ricardo.
Article
Khan Academy

Khan Academy: Lesson Overview Total Utility and Marginal Utility

For Students 9th - 10th
This lesson focuses on total utility and marginal utility including definitions and examples.
Lesson Plan
Council for Economic Education

Econ Ed Link: Utility

For Teachers 9th - 10th
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.
Unknown Type
Khan Academy

Khan Academy: Utility Maximization

For Students 9th - 10th
Practice applying the utility maximization rule in this exercise.
Unit Plan
Khan Academy

Khan Academy: Decisions Within a Budget Constraint

For Students 9th - 10th
Another approach to maximizing utility uses indifference curves (sometimes called utility curves) and budget constraints to identify the utility optimizing combination of consumption. Read about this method in this article.
Activity
University of Nebraska Omaha

Ec Ed Web: Analyzing the Demand Curve

For Students 9th - 10th
Lists the determinants of demand for a product and service. The site is useful for students wishing to look further into the causes of demands. Graphs and summaries are included to aid research.